The Jail Break System | Page 729 | Forex Factory

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The Jail Break System

  • #14,561
  • Jun 30, 2021 5:23pm Jun 30, 2021 5:23pm
NZD/USD 15 minute chart.

On the 15 minute chart you can clearly see the Batman ears in the Williams % R indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-m15-fx-glory-group-v.png Size: 74 KB
Patience, let the trade come to you.
  • #14,562
  • Jun 30, 2021 5:54pm Jun 30, 2021 5:54pm
NZD/USD 15 minute chart.

30 minutes later after seeing the Batman ears show up.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-m15-fx-glory-group-d.png Size: 73 KB
Patience, let the trade come to you.
  • #14,563
  • Jun 30, 2021 10:19pm Jun 30, 2021 10:19pm
Went long on usdcad
  • #14,564
  • Jun 30, 2021 10:48pm Jun 30, 2021 10:48pm
DXY is trending up, so all the USDX pairs should be strong and follow, but the jail break system originally was designed with some common tools like level counting, TDI etc .... similar to BTMM.

Do you care in this system also about those trend reversal in BTMM ike Midweek reversal, peak formation high, peak formation Low etc? or about big boys manipulation, stop hunts, target clearing or liquidity hunting? I was following uptrend in UC since Monday, UC is still above the ema200, but today I am not so sure to have one more day uptrend

What do you think?
  • #14,565
  • Jun 30, 2021 11:24pm Jun 30, 2021 11:24pm
Gbpusd I am shorting
  • #14,566
  • Jul 1, 2021 1:08am Jul 1, 2021 1:08am
Quoting PokerChip
NZD/USD 15 minute chart. 30 minutes later after seeing the Batman ears show up. {image}
Hi PokerChip

I have have been using Stoch(18,20,1) in stead of your %R(18) and MA(20) indicators and getting same curves except the levels that is 0-100.

The %R indicator basically a simplified (re-branded) version of the excellent original Stochastic indicator.

I am enjoying your thread and find it very useful.
  • #14,567
  • Edited 1:30am Jul 1, 2021 1:18am | Edited 1:30am
usd/jpy
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 31 KB
  • #14,568
  • Jul 1, 2021 5:21am Jul 1, 2021 5:21am
Hi pokerchip could you explain how you entry and exit
  • #14,569
  • Jul 1, 2021 6:15am Jul 1, 2021 6:15am
Quoting tjanos2000
{quote} Hi PokerChip I have have been using Stoch(18,20,1) in stead of your %R(18) and MA(20) indicators and getting same curves except the levels that is 0-100. The %R indicator basically a simplified (re-branded) version of the excellent original Stochastic indicator. I am enjoying your thread and find it very useful.
Excellent Tjanos2000, I'm glad it works good.
Patience, let the trade come to you.
  • #14,570
  • Jul 1, 2021 6:17am Jul 1, 2021 6:17am
Quoting potay90
Hi pokerchip could you explain how you entry and exit
I'm looking at the Williams % R crossing through the 20 day moving average.

By either going north or south.

I'm looking for 20 pips and them I will close the trade.

Pretty simple.
Patience, let the trade come to you.
  • #14,571
  • Jul 1, 2021 6:42am Jul 1, 2021 6:42am
NZD/USD 15 minute chart.

You can see the Batman ears.

From the 15 chart to the 1 hour chart.

The Batman ears will give you the edge you need to enter the trade.

Hard for the market maker to hide this.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-m15-fx-glory-group-b.png Size: 98 KB
Patience, let the trade come to you.
  • #14,572
  • Jul 1, 2021 7:24am Jul 1, 2021 7:24am
Usdchf is a buy upwards
  • #14,573
  • Jul 1, 2021 7:34am Jul 1, 2021 7:34am
Gbpjpy a buy up
  • #14,574
  • Jul 1, 2021 7:38am Jul 1, 2021 7:38am
Quoting Houtbay
Usdchf is a buy upwards
That's going to be a good trade for you.
Patience, let the trade come to you.
  • #14,575
  • Jul 1, 2021 7:41am Jul 1, 2021 7:41am
Yes I finally understand the concept of trading. The final aha moment came today.
  • #14,576
  • Jul 1, 2021 8:00am Jul 1, 2021 8:00am
There’s a lesson in watching a trade from start to finish.
  • #14,577
  • Jul 1, 2021 8:43am Jul 1, 2021 8:43am
Quoting Houtbay
Yes I finally understand the concept of trading. The final aha moment came today.
Nothing goes up or down in a straight line.

If you stay with one or two pairs you'll learn the market makers moves.
Patience, let the trade come to you.
  • #14,578
  • Jul 1, 2021 8:45am Jul 1, 2021 8:45am
Quoting Houtbay
There’s a lesson in watching a trade from start to finish.
There is a addiction to trading, I won't lie.

It's competition between you and the market maker.

Trade with him and you'll be golden.
Patience, let the trade come to you.
  • #14,579
  • Jul 1, 2021 8:47am Jul 1, 2021 8:47am
I just sold NZD/USD again at .69750

I think it's going to .69450

We will see.
Patience, let the trade come to you.
  • #14,580
  • Jul 1, 2021 8:50am Jul 1, 2021 8:50am
Those normal Batman ears, and inverted Batman ears too.

Are great setups for the Williams %R to cross the 20 day moving average.

It gives you a look at what's around the corner.
Patience, let the trade come to you.
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